Tata Power surges on plan to expand generation capacity by

Tata Power Company is currently trading at Rs. 87.60, up by 3.80 points or 4.53% from its previous closing of Rs. 83.80 on the BSE. The scrip opened at Rs. 84.25 and has touched a high and low of Rs. 87.85 and Rs. 83.90 respectively. So far 1021660 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 96.21 on 16-Apr-2013 and a 52 week low of Rs. 65.86 on 06-Aug-2013. Last one week high and low of the scrip stood at Rs. 85.60 and Rs. 82.15 respectively. The current market cap of the company is Rs. 23509.08 crore. The promoters holding in the company stood at 32.47 % while Institutions and Non-Institutions held 48.56 % and 15.78 % respectively. Tata Power, one of India’s largest private-sector power generators, is planning to increase the overall generation capacity by 849.2 MW. The company has a gross installed capacity of approximately 8,560 MW through thermal, green energy and waste gases of which, as at February 28, 2014, 7,647 MW comes from thermal power sources and 912 MW from green energy sources. Currently, the company has eight projects under execution under solar, wind, hydro and gas based projects in India and overseas. Tata Power is India's largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8521 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.